FxWirePro: NZD/JPY faces stiff resistance at 73.80, good to buy breakout above
May 16, 2016 07:27 am UTC| Technicals
NZD/JPY extending upside after slight gap down open on the day following poor Chinese data over the weekend. The pair has broken trendline resistance at 73.75 on the hourly charts, but was rejected at next resistance...
FxWirePro: AUD/CAD holds above 78.6% Fib, focus on RBA minutes
May 16, 2016 06:52 am UTC| Technicals
AUD/CAD has bounced off strong support by 78.6% Fib level at 0.9368. Daily charts show hanging man formation on Fridays trade, which supports upside. The pair has hit session highs at 0.9439, and has since pared some...
FxWirePro: Euro strengthens against Swedish krona, intraday bias remains bullish
May 16, 2016 06:36 am UTC| Technicals
EUR/SEK is currently trading around 9.3305 levels. It made intraday high at 9.3316 and low at 9.3045 levels. Intraday bias remains bullish for the moment. A sustained break above 9.33 tests key resistances...
FxWirePro: GBP/JPY recovers after making a low of 155.67, good to sell on rallies
May 16, 2016 06:27 am UTC| Technicals
Major support -156 (200 day HMA daily Tenken-Sen) Major intraday resistance -157.35 (daily Kijun-Sen) GBP/JPY has made a low of 155.67 on Friday and slightly recovered from that level. It is currently trading...
May 16, 2016 06:27 am UTC| Technicals
See more bearish potential on rejection below resistance at 1.0782 levels (7DMA), currently the pair is just 10 pips away from crucial support at 1.0750 levels. Earlier, the rejection below resistance from 1.1243...
FxWirePro: Silver rallies above $17.25, good to buy on dips
May 16, 2016 06:06 am UTC| Technicals
XAG/USD is currently trading around $17.27 marks. It made intraday high at $17.31 and low at $17.01 levels. Intraday bias remains bullish till the time pair holds key support at $17.11 marks. On the top...
FxWirePro: AUD/JPY rejected at strong trendline resistance, good to sell rallies
May 16, 2016 05:52 am UTC| Technicals
AUD/JPY was rejected at strong trendline resistance and currently trades at 79.17. The pair recovered sharply from session lows struck at 78.65 in opening trades after dismal Chinese data over the weekend. Upside...
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